BBmack
Level 1
05-27-2022
10:59 AM
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The Lacerte program allocates the FTC equally between the trust beneficiaries even though the income is distributed unequally based on distributions received by each. Is this correct or should the FTC be allocated based on income received by each beneficiary.
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BBmack
Level 1
05-28-2022
01:47 PM
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That was what I thought but Lacerte allocates it equally to each beneficiary who received a distribution and says there is no other way to do it in the program. How do you handle this? Do you tell the beneficiary the the K-1 is not correct and give them the correct figures. That would seem like the only way to do it.
Thanks for your help.
